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You are calculating the wages for 1 worker paid by Straight Piece Rate. The worker is paid $16/hour for an 8 hour shift, and
You are calculating the wages for 1 worker paid by Straight Piece Rate. The worker is paid $16/hour for an 8 hour shift, and the time to produce one unit is 0.499 minutes. Part 1: Using the given information find: a. Standard Pieces per hour b. Standard Piece Rate c. Daywork Rate for the worker d. Incentive Pay for Day 1 - worker produced 1300 Units e. Incentive Pay for Day 2 - worker produced 900 Units Part 2: Standard Piece Rate with 100% Guarantee f. If the employer were to change its incentive plan to 100% guarantee, what would the worker be paid for Day 1 g. Follow the same as F but for Day 2 Show your work and have final responses rounded to 2 decimal places.
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